In India’s dynamic startup ecosystem, the journey from 2016 has been nothing short of transformative. Since the launch of the Startup India initiative, the number of startups has skyrocketed from 442 in 2016 to 1,20,000+, said Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry in his article in The New Indian Express, Chennai edition on 10 April 2024.